Investor Relations
News Detail
EGM Convened in Relation to Disposal of INM Outdoor
Dublin/London – 2nd November, 2009: Independent News & Media PLC (“INM”, “the Company” or “the Group”) announces that it has today issued a circular to shareholders convening an extraordinary general meeting of the Company (“EGM”) for 11.00 a.m. on 26th November, 2009 (“Circular”). This follows the Board’s announcement on 28th August, 2009 that the Group had conditionally agreed to dispose of its entire shareholding in INM Outdoor (the “Disposal”) for gross sale proceeds of ZAR1,100 million (approximately €98 million).
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To access the Circular for the EGM to be held on 26th November 2009 please click here
To access the Proxy Form for the EGM to be held on 26 November 2009 please click here
“Independent News & Media has always understood that beyond being a very successful company in the financial sense, it has broader social responsibilities to all those communities where it operates. This is demonstrated by over 200 projects and charities which the company has underwritten and supported and can be seen from the work that INM has done in education, particularly the work they’ve done in health education in South Africa in relation to HIV and AIDS.”
Baroness Margaret Jay, Non-Executive Director